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Oil Prices Rise on Falling U.S. Rough Stockpile; All Eyes on Fed Meeting

Oil costs picked up on Wednesday in Asia after the arrival of week after week information that demonstrated a decrease in U.S. unrefined reserves.

U.S. Raw petroleum WTI Futures rose 0.7% to $58.45 by 1:15 AM ET (05:15 GMT). Worldwide benchmark Brent rough increased 0.9% to $65.20.

Rough inventories fell by 6 million barrels in the week finished July 26 to 443 million barrels, contrasted and experts’ desires in a Reuters survey for a decline of 2.6 million barrels, the American Petroleum Institute information appeared.